804 Farm Drive
San Jose, CA, 95136
$1,640,000
Beds
0 Baths
SqFt
0.16 Acres
Add
STRONG STABLE INCOME STREAM FOURPLEX, Highly desirable low vacancy rental area on Capitol Expressway and Pearl behind the Toyota Dealership. All current tenants are family-oriented and have been here 2-16 years. This is a larger than average 4plex and has a great unit mix which consists of (1) 3Br/2ba (1) 1Br/1Ba and (2) 2br/1Ba receiving about $9300/month (+/-$111,600yr) The property maintains a low vacancy rate with reliable long-term tenants who pay on time, covering their own electricity costs. Monthly rents range from $1,800 to $3,150 per unit. The sale includes all fixtures, equipment, and essential appliances, such as refrigerators and oven ranges in all units. Most tenants are on month-to-month leases, and all like to stay for the long term. Two out of Four units been updated and remodeled. Overall this is a great property that generates a higher income than most. This location is only minutes away from the 85/87 highway and 280 fwy. There are lots of nearby day-to-day conveniences such as supermarkets, fast food, fuel, big box chain stores,etc. This is a rare opportunity in a prime San Jose location with strong rental demand. Do not go and walk on the property and disturb the tenants.

Property Details

Price:
$1,640,000
MLS #:
ML82007376
Status:
Active Under Contract
Baths:
0
Address:
804 Farm Drive
Type:
Residential Income
Subtype:
Quadruplex
Neighborhood:
699notdefined
City:
San Jose
Listed Date:
May 16, 2025
State:
CA
ZIP:
95136
Lot Size:
7,150 sqft / 0.16 acres (approx)
Year Built:
1963
Ask a Question

See this Listing

Send
  

Mortgage Calculator

 

Schools

Interior

Accessibility Features
Parking, Other
Appliances
Electric Cooktop, Disposal, Range Hood, Electric Oven, Refrigerator
Cooling
Gas
Flooring
Laminate, Tile
Heating
Central

Exterior

Foundation Details
Concrete Perimeter
Garage Spaces
0.00
Parking Features
Unassigned, Subterranean
Parking Spots
2.00
Roof
Shingle
Security Features
Security Lights
Sewer
Public Sewer
Stories Total
2
Water Source
Public

Financial

Maintenance Fee
$40,000
Taxes
$40,000

Map

Community

Similar Listings Nearby

804 Farm Drive
San Jose, CA